SAIHEAT Limited will hold a virtual extraordinary general meeting on February 26, 2025, for shareholder proposals.
Quiver AI Summary
SAIHEAT Limited, formerly SAI.TECH Global Corporation, has announced that it will hold an extraordinary general meeting (EGM) for shareholders virtually on February 26, 2025, at 10:00 a.m. Eastern Standard Time. The meeting aims to consider and vote on proposals outlined in the Notice of EGM, which is available on the SEC EDGAR filing page. The company's board fully supports these proposals and encourages shareholders, who were on record as of February 11, 2025, to participate. SAIHEAT provides integrated energy solutions for modern data centers, focusing on innovative cooling technologies and power resource development. The press release also includes a safe harbor statement regarding forward-looking statements and their inherent risks.
Potential Positives
- SAIHEAT Limited is holding an extraordinary general meeting of shareholders, indicating active engagement with its investors.
- The board of directors fully supports the proposals in the Notice of EGM, showing unity and confidence in proposed initiatives.
- Shareholders have the opportunity to participate in decision-making through virtual attendance and voting, enhancing shareholder involvement.
- SAIHEAT's transition from SAI.TECH Global Corporation reflects its evolving strategy and focus on integrated energy services for future markets.
Potential Negatives
- The need for an extraordinary general meeting may indicate internal issues or uncertainties that require shareholder approval, which can be seen as a lack of stability in corporate governance.
- The reliance on forward-looking statements may raise concerns among investors about the company’s actual performance and transparency regarding future risks and uncertainties.
- The press release does not provide specific details about the proposals to be discussed at the EGM, which may lead to investor apprehension regarding the company’s direction and decision-making process.
FAQ
What is the date and time of SAIHEAT's extraordinary general meeting?
SAIHEAT's extraordinary general meeting will be held on February 26, 2025, at 10:00 a.m. Eastern Standard Time.
How can shareholders participate in the EGM?
Shareholders can participate in the EGM virtually at http://www.virtualshareholdermeeting.com/SAI2025SM.
What proposals will be considered at the EGM?
The EGM will consider proposals set forth in the Notice of EGM provided to shareholders.
Who is eligible to vote at the SAIHEAT EGM?
Holders of record of ordinary shares at the close of business on February 11, 2025, are entitled to vote.
Where can I find the Notice of EGM and proxy form?
The Notice of EGM and Form of Proxy are available on SAIHEAT’s SEC EDGAR filing page.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
SINGAPORE, Feb. 18, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today announced that it will hold an extraordinary general meeting (the “ EGM ”) of shareholders (the “ Notice of EGM ”) virtually at http://www.virtualshareholdermeeting.com/SAI2025SM on February 26, 2025 at 10:00 a.m. Eastern Standard Time, for the purposes of considering and, if thought fit, passing the proposals set forth in the Notice of EGM.
The Notice of EGM and Form of Proxy for Extraordinary General Meeting are available on the Company’s SEC EDGAR filing page. The board of directors of SAIHEAT fully supports the proposals listed in the Notice of EGM and recommends that the shareholders vote in favor of the proposals set out in the Notice of EGM.
Holders of record of ordinary shares of the Company at the close of business on February 11, 2025 Eastern Standard Time are entitled to attend and vote at the EGM and any adjourned meeting thereof.
About SAIHEAT
SAIHEAT Limited (Nasdaq:SAIH) delivers integrated energy services for next-generation data centers. Its thermal module, HEATWIT, offers data center liquid cooling system and solutions for computing heat recycling. The power module, HEATNUC, focuses on global power resource development and modular nuclear power joint development.
Formerly known as SAI.TECH Global Corporation, SAIHEAT became a publicly traded company on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation in May 2022. For more information on SAIHEAT, please visit https://www.saiheat.com
Safe Harbor Statement:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning SAIHEAT and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. SAIHEAT cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in SAIHEAT’s Form 20-F under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and SAIHEAT specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
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